ASMED, Oman Drydock sign pact to establish incubator for SMEs

Duqm: The Authority for Small and Medium Enterprises Development (ASMED) signed a technical cooperation programme with Oman Drydock Company, the executive arm of drydock services in ASYAD Group.

The agreement will establish an incubator specialised in the logistics sector, supply chains, and services affiliated with the Public Authority for Special Economic Zones and Free Zones (OPAZ) to support and develop new small and medium enterprises (SMEs).

The agreement also aims to provide a stimulating environment and support the sustainability of entrepreneurs in various work environments, as well as contributing to the Omani economy.

The agreement comes within the framework of empowering entrepreneurs and boosting their role in developing activities in special economic zones and free zones. This will be realised by providing technical and administrative support to incubated enterprises in order to achieve growth and tackle challenges.

Moreover, the agreement will contribute in providing competitive logistic services based on innovation.

The agreement was signed by Halima Rashid Al Zar’ei, ASMED Chairperson and Dr. Ibrahim Bakhit Al Nadhairi, CEO of Asyad Shipping and Drydock services.